Originally Posted by petegz28:
I'll tell you now, if you think you are going to "get rich quick" picking stocks or even worse, penny stocks then you might as well go to the casino and play craps. You literally will have better odds.
Truth. This was pretty much me a few years ago. Sure, every once in a while you are going to hit a good run if you have a good entry and exit. But the road of penny stocks is littered with the carcasses of traders that thought they could make it big and lost.
In the long run (in my case at least) mutual funds and stable dividend stocks are better choices. I still play around with individual stocks and penny stocks. Nothing big, I put a grand in a TD ameritrade account last summer, haven't added anymore, and I'm up about 110 bucks. That's a terrible rate of return for a year. Granted, I'm not a skilled trader. There's been some WILD swings, but like pete said...it's my casino money. I don't go out much, and playing in the stock market has replaced my online gaming entertainment. I do it for fun, and know full well that it's not going to make me rich. [Reply]
Originally Posted by rydogg58:
Truth. This was pretty much me a few years ago. Sure, every once in a while you are going to hit a good run if you have a good entry and exit. But the road of penny stocks is littered with the carcasses of traders that thought they could make it big and lost.
In the long run (in my case at least) mutual funds and stable dividend stocks are better choices. I still play around with individual stocks and penny stocks. Nothing big, I put a grand in a TD ameritrade account last summer, haven't added anymore, and I'm up about 110 bucks. That's a terrible rate of return for a year. Granted, I'm not a skilled trader. There's been some WILD swings, but like pete said...it's my casino money. I don't go out much, and playing in the stock market has replaced my online gaming entertainment. I do it for fun, and know full well that it's not going to make me rich.
There's nothing wrong with taking some $ and speculating. Just know that's what you are doing and do it with money you literally would take to a casino. [Reply]
Originally Posted by Hog's Gone Fishin:
I've become a big believer in mutual funds just for this reason. I've tried day trading and it's not a winning proposition. Individual stocks are just too volatile and pot luck at best. I only own two individual stocks at this time and I'm a lot happier knowing while I'm out fishing somebody else is managing my portfolio and that's how they earn their money
...but I get it. Buy and hold threads aren't any fun OTOH. [Reply]
Originally Posted by petegz28:
Not from what I have seen. You can name call all you want but from what I have seen you post on here you seem to get your ass kicked a lot.
Simply not true.
I lost money on IQ LAST YEAR and lewdog likes to raz me about IBIO...despite the fact I made a shit ton of money on it...and am currently in the green on...and waiting for it to go nuclear.
Originally Posted by jerryaldini:
SPX nearly back to 3000. Large cap growth has nearly completely recovered. Fortunately I've been mostly large growth for years. Only down 5 percent from the peak. Meanwhile old economy value and small caps still 15 to 20 percent below their highs. They should continue to lead on the up days now (financials, energy, industrials, transports, materials). Good time to reallocate toward value and mid and small. Also taking the opportunity to take off some overall stock risk and buy corp bonds where credit spreads are still wide. Feel like I dodged a bullet.
This was spot on. Value and small are killing it. Rotating factors is strategic, unlike buying individual stocks.
Originally Posted by lewdog:
I like LUV the best. Their balance sheet is the best of any airline, IMO. Especially if a second shutdown or restrictions come.
I went with JetBlue (JBLU)....for varying reasons...
Not a knock on LUV....more that I thought JBLU is undervalued.... [Reply]
I don't know if I've mentioned this stock before, but even before the pandemic stuff I had a stock that was doing really well for me called SLP. It's a tiny company that develops software to do simulations of drug absorption and other molecular stuff. It's growing, profitable, and even pays a small dividend. For some reason it made a huge jump today, though I don't see any news. I'm not proposing it as a speculative thing, but I've had it a couple of years or more and it seems like a good long term hold if you're okay with microcaps. [Reply]
Originally Posted by lewdog:
I got out on COST today at $308.50 this morning. Market had weird feeling and rumors to not great earnings.
It closed up over $1 higher than you sold and the chart pattern looks as if a short term head\shoulders bottom was just put in during this recent sideways move. It wasn't a bad selling point but it could be setting up for a breakout to the up side.
Actually the more I look at the chart the more bullish I get on COST. Has a nice up trend line
Originally Posted by petegz28:
It closed up over $1 higher than you sold and the chart pattern looks as if a short term head\shoulders bottom was just put in during this recent sideways move. It wasn't a bad selling point but it could be setting up for a breakout to the up side.
Actually the more I look at the chart the more bullish I get on COST. Has a nice up trend line
I own a bunch of VMW, up 10% after-hours (post-ER). Good Q1 report, especially amidst COVID. Hopefully, it continues to run - this stock has been depressed for quite a while now, which hasn't made any sense to me. Should be a $200 stock. [Reply]
Originally Posted by lewdog:
What time frame is your chart? 3 month?
Currently showing $304 aftermarket.
I cropped it bit I believe it was a daily year chart. Are they getting killed that bad in the after market? Yeah they are down almost $6. Still good and probably good buying opportunity. I admit I am not up on what their news cycle is but it looks like they released earnings today so you did good selling or buying puts.
I hate earnings announcements especially before or after the close. It's rigged bullshit.
Looks like they came in about .06 under estimates. [Reply]
